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Solar Panel ROI in Murray County, MN

Is going solar worth it in Murray County? Here are the numbers.

Avg System Cost

$6,540

After Tax Credit (30%)

$4,578

Est. Payback Period

1.6 yrs

25-Year ROI

1498%

Solar Economics in Murray County

Investment Breakdown

System Cost (est.)$6,540
Federal Tax Credit (30%)-$1,962

Net Cost$4,578

Annual Savings

Est. Annual Energy Savings$2,927
Median Home Value$163,500

Median Household Income$71,500

About Murray County, Minnesota

Murray County in Minnesota has a median household income of $71,500 and median home value of $163,500. With an estimated payback period of 1.6 years, solar is a strong investment for homeowners in this area.

These estimates use county-level medians and national averages for solar irradiance. Your actual ROI depends on roof orientation, shading, local utility rates, and available state/local incentives beyond the federal 30% ITC.

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: EIA, NREL, DSIRE. Solar cost estimates based on county-level home values and national averages. This is not financial advice.